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TITOMIC LIMITED — Capital/Financing Update 2021
Nov 16, 2021
65963_rns_2021-11-16_ceeefc6a-eb45-4f41-b5ca-6f7a73fc3e81.pdf
Capital/Financing Update
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Titomic Ltd (ASX: TTT)
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17 November 2021
Completion of Share Purchase Plan
Titomic Ltd (Titomic or Company ) advises the completion of its Share Purchase Plan (SPP) announced on 15 October 2021, raising approximately $924,000. This follows Titomic’s $9 million placement to existing sophisticated and institutional investors which was successfully completed on 21 October 2021. The SPP closed on 12 November 2021.
Titomic expects to issue 3,553,835 new fully paid ordinary shares (New Shares). The New Shares will be issued under the SPP at $0.26 per share, representing a 10% discount to the last traded closing price of the Company’s shares on the ASX on Tuesday 12 October 2021. The New Shares will be issued on 18 November 2021 and are expected to commence trading on the ASX on 19 November 2021. Holding statements are expected to be dispatched on 19 November 2021.
If any shareholder has any enquiries in relation to the SPP, please call 1300 850 505 (within Australia) or +61 3 9415 4000 (outside Australia) between 8.30am and 5.00pm (AEDT) Monday to Friday.
This announcement has been authorised for release by the board of Titomic Limited.
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Contact:
Investors Adrian Mulcahy Market Eye [email protected] Ph: +61 438 630 422
Media
Tristan Everett Market Eye [email protected] Ph: +61 403 789 096
About Titomic Limited:
Titomic Limited (ASX: TTT) is an Australian public company specialising in digital manufacturing solutions for industrial scale metal additive manufacturing using its patented Titomic Kinetic Fusion® (TKF) technology. The TKF technology provides unique capabilities for producing commercially viable additively manufactured metal products competing directly with traditional manufacturing methods. Titomic provides OEM production and R&D services from their TKF Smart Production Bureaus to the global Aerospace, Defence, Shipbuilding, Oil & Gas, Mining and Automotive industries. Titomic also provides an extensive range of metal powders for 3D Printing especially Titanium and super alloys whilst providing sales and support services for their TKF production systems. For more information please visit: www.titomic.com.
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